Prime Minister Narendra Modi has declared that the bank will not be able to withdraw the cash withdrawal of 500 and 1,000 rupees on 8th November, 2016. It was also suggested that banknotes could be made in bank and post offices.
It was also suggested that banknotes could be made in bank and post offices. Subsequently, the public changed their old banknotes. It was given a specific deadline.
Later, the new 500 and 2,000 banknotes were printed and published. A few new days ago, 200 and 50 rupees were released. In this regard, the Reserve Bank of India issued an annual report for 2016-17. Before the remuneration, 632.6 crore and 1,000 banknotes were in circulation. Of this, 8.9 crore notes were not returned. This is 1.4 percent.
Before the remuneration, 632.6 crore and 1,000 banknotes were in circulation. Of this, 8.9 crore notes were not returned. This is 1.4 percent.
Last year (2016), March 31, the country had a total of 1,570.7 crores and 500 rupees notes. But this year (2017) fell to 588.2 crores on March 31.
The cost of printing banknotes is now about 2 times higher. Last year, this amount was Rs. 3,421 crore, which is currently Rs. 7,965 crore. In the last financial year, there were 7.62 lakh cigarettes. It was reported that 20.4 percent more than last year.
The opposition have strongly criticized the federal government for withdrawing high-denomination notes by claiming black money is an action. Union Minister Arun Jaitley, justified by the opposition parties’ criticism of the rupee note, said that high-level banknote anti-measures were not only black money. The central government did not bring
Union Minister Arun Jaitley, justified by the opposition parties’ criticism of the rupee note, said that high-level banknote anti-measures were not only black money. The central government did not bring a high-value banknotes to eradicate money from the people.
Black money, eradicating counterfeit notes; To curb the terrorist financing and bring the bank account to the bank cycle; Reducing cash transaction; Highly valued banknotes were undertaken for the reasons for promoting electronic transactions.
The city was forced to pay the money they had in the bank. Arun Jaitley said that there was a constant tax on taxes that were not tax-free.
In the face of the criticism of the opposition, Jaitley does not understand the banknote withdrawal of some of those who do not even take a small step during their rule to eliminate black money. After the withdrawal of the rupee, Rs 15.44 lakh crore in circulation, Rs 15.28 lakh crore to the bank cycle. They say that a certain amount may be black money.
Former Finance Minister P. Chidambaram; Is there a 1 per cent old note note to the RBI? The question was raised. 99 percent of old banknotes have been legalized in banks.
The Reserve Bank’s statement that the old banknotes did not return to the Reserve Bank for one per cent is shameful. Is this the record of black money eradication? The central government was completely defeated in this operation, and 104 innocent civilians were killed. Prime Minister should apologize to the people of this country.
Economists at the back of the monetary removal process are eligible for the Nobel Prize.
Because old banknotes came to the Reserve Bank of India, there was a net profit of Rs 16,000 crore. At the same time, Rs 21,000 crore was spent for printing new banknotes, he said, “P. Chidambaram.